Income needed: $72,092. 50 percent for necessities: $36,046. 30 percent for discretionary spending: $21,628.

What is a livable wage in Seattle?

Living Wage Calculation for King County, Washington1 ADULT2 ADULTS (1 WORKING)0 Children2 ChildrenLiving Wage$19.57$37.04Poverty Wage$6.13$12.60Minimum Wage$13.50$13.50

How much does it cost to live in Seattle per month?

Summary about cost of living in Seattle, WA, United States: Family of four estimated monthly costs are 4,203$ without rent. A single person estimated monthly costs are 1,175$ without rent.

How much do you need to make to afford a house in Seattle?

By one estimate, a household would need to make nearly $107,000 a year to afford a home in the Seattle-Tacoma-Bellevue area with a 20% down payment. With less money to put down, you need an even higher income. For a buyer putting 10% down, the salary threshold increases to about $125,000.

Is Seattle expensive to rent?

A new report has confirmed the anecdotes: Seattle rent prices are almost as ridiculously high as they were before the pandemic. The median monthly cost for a one-bedroom in July is $1,633, and a two-bedroom now fetches $2,037 citywide, according to Apartment Lists latest rent review.

How do people afford house in Seattle?

People can afford homes in Seattle largely because of the healthy Seattle job market. With giants like Amazon, Microsoft, Facebook and other tech companies dominating the local landscape and Boeing still on the scene, there are jobs - good jobs - to be had in Seattle and its surrounding suburbs.

What is the most common job in Seattle?

Software developer is now the most common occupation in the Seattle area. According to data from the Bureau of Labor Statistics, there are more than 60,000 employed in that field here. Retail salesperson, the former No. 1 job in Seattle (and still the most common job in the U.S.), fell by the wayside in 2016.

How much do I need to make to buy a $200 K house?

A $200k mortgage with a 4.5% interest rate over 30 years and a $10k down-payment will require an annual income of $54,729 to qualify for the loan.

What is the average mortgage payment in Seattle?

6. Seattle. In Seattle, in order to afford the citys median monthly mortgage payment of $2,855, homeowners must earn a minimum annual income of $114,217. The average price of a home in Seattle is $583,100.

How much money do you need to make to live comfortably in Seattle?

To comfortably rent a median one-bedroom apartment in Seattle, one would have to make $84,060 per year. The recommended household income for a two-bedroom apartment is $132,264 per year.